Nevertheless, the Greek government was positive about the negotiations for the rescue package.
The shared currency was behind 0.7 percent against the US currency dollar at $1.0813. However, it performed better than the yen going up 0.2 percent at 129.94 Japanese yen.
The quarterly regression reached 10.6 percent which is said to be the biggest since the last quarter of 1992.
The euro fared better versus the yen, up 0.2 percent at 129.94 yen.
Economic sentiment index of the European Commission scaled up to a peak of 103.9 this month bolstered by low energy prices and the ECB’s stimulus agenda.
Meanwhile, the US dollar index increased 98.054 following continuous losses in previous weeks. The greenback was up 0.9 percent against the yen at 120.18 yen, while the sterling was down 0.6 percent against the dollar at $1.4796.
Concerns were softened by upbeat data in the Euro region. A recent report underscored confidence in the European economy climbing to the highest since July of 2011. Likewise, there is affirmative reading on German inflation increasing hopes the region can stay away from deflation.
Market analysts say the euro is weighed down by different policy paths undertaken by the European Central Bank and US Federal Reserve. They also believe the EU currency will be in equivalence with that of its US counterpart within the year.
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